871 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$60,000
Revenue$86,527 Established1990
Cash Flow$37,000 Employees1 full-time
FF&E$32,000* FranchiseNo
Inventory$1,200* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Successful dry cleaners / drop store located on a highly active county road in Passaic County, New Jersey. This twenty-six-year-old business has a consistent income and a wonderful income return to the onsite owner operator. The business has an average gross yearly income is $86,527 and the business has a consistent and solid net income. The business assets have an estimated value of $32,000 and the sale consists of a fully equipped commercial retail drop store cleaner, which includes displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has one-part time employee who is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $325. The business has an assignable commercial lease which expires 2020-01-01 plus additional options, with a monthly rent of $1,833 and rent security $3,600. The business is located in an active commercial mall, 990 square feet and has a capacity for approximately ten customers. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active six days per week, with hours from 5:30 am to 6:00 pm, open until 7pm on Wednesday and Saturday 8am-4pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 31% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $86,527 and the business has a yearly net income of $37,000 based on an owner operator and prior to debt service. The business has been valued at $60,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This retail facility which consist of 990 square feet has a clean modern professional appearance. The business is in a mid-size mall with various other active and successful businesses. This opportunity is located in Passaic County New Jersey, which consists of various affluent communities with continued demand for this particular industry. The business is also located on an active state highway with substantial daily drive by traffic.
Competition:To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business, landlord will supply a non-compete in lease and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, no web site and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator. Also if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:The sale is due to seller’s alternative business.
Ad #87253
Seller Reference #DRCL140
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
Name
Email Address
Message